What is House Bill H.R. 296?
Cost of House Bill H.R. 296
"Like many Americans, I was dismayed and disgusted to see multimillionaire athletes sitting or kneeling during the national anthem. Standing for the national anthem shows respect for our nation, and for the brave men and women who have sacrificed so much to protect our freedoms. Those hard-fought freedoms include freedom of speech, and free speech does include protest. But nowhere in the Constitution does it say that Americans are required to subsidize disrespect for America, or to have their tax dollars wasted on corporate welfare to sports teams. Tax reform is currently the top priority of Congress. We must close this loophole in the tax code, and end taxpayer subsidies for professional athletics. If players want to protest, they have that right — but they should do it on their own time, and on their own dime."
Of Note: The National Football League (NFL) has recently come under intense scrutiny following numerous domestic violence scandals and protests of the national anthem. This extra attention has led some to wonder why the NFL - and other professional sports leagues - are classified as tax exempt entities by the IRS.
PRO Sports Act
To amend the Internal Revenue Code of 1986 to exclude major professional sports leagues from qualifying as tax-exempt organizations.
- Not enactedThe President has not signed this bill
- The senate has not voted
- The house has not voted
Committee on Ways and MeansIntroducedJanuary 5th, 2017
- house Committees